Metro Vancouver's housing market sees quiet summer, real estate board says
The latest statistics from the Real Estate Board of Greater Vancouver released Friday revealed the region's housing market continued to see a quiet summer season through August.
Home sales last month dropped 40 per cent, meaning 1,200 fewer homes were sold compared to August 2021. Sales were nearly 30 per cent below the 10-year average for August.
"With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages this summer," Andrew Lis, REBGV’s director, economics and data analytics said in a news release.
"This shift in market conditions caused prices to edge down over the past four months."
The benchmark price for detached homes is currently just above $1.9 million, which is nearly eight per cent higher than last year, but about two per cent lower than July of this year.
For apartments, the benchmark price is about $740,000. That marks an 8.7 per cent increase from last August and a two per cent decrease from July.
"Home buyers and sellers are taking more time to assess what this changing landscape means for their housing needs," Lis said. "Preparation is critical in today’s market."
REBGV's statistics don't include Surrey, Delta or Langley.
CTVNews.ca Top Stories
Air quality advisories issued in 5 provinces, 1 territory
Air quality advisories are in effect across Western Canada as smoky conditions plague some areas, according to the latest forecasts. Here's where.
'Oh my God, you're my brother': Man in his 70s discovers 6 unknown siblings
After receiving a DNA kit one Christmas from his son-in-law, Hugh McCormick soon discovered that he had six unknown siblings, with whom he shared the same birth parents.
No refund for travellers who cancelled flight already scrapped by airline: regulator
Four years on, the controversy over whether airlines owed refunds to passengers after cancelling hundreds of thousands of flights during the pandemic continues to simmer, aggravated by a sluggish, opaque complaints process.
Just how bad are ultraprocessed foods? Here are 5 things to know
Many foods fall under the category of ultraprocessed foods, depending on their exact ingredients. This type of food has been studied a lot lately, and the results aren’t great.
'My family doctor just fired me': Ontario patients frustrated with de-rostering
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
Rates of cancer declining in Canada, but more work needed to save lives: projections
A new study projecting declining rates of cancer cases and deaths in Canada demonstrates the success of prevention and early detection programs, but also highlights areas where more work is needed to save and prolong lives, researchers say.
DEVELOPING
DEVELOPING Trump trial arrives at a pivotal moment: Star witness Michael Cohen is poised to take the stand
The star prosecution witness in Donald Trump's hush money trial is set to take the stand Monday with testimony that could help shape the outcome of the first criminal case against an American president.
India's mammoth election is more than halfway done as millions begin voting in fourth round
Millions of Indians across 96 constituencies began casting their ballots on Monday as the country's gigantic, six-week-long election edges past its halfway mark. Prime Minister Narendra Modi is seeking a third straight term with an eye on winning a supermajority in Parliament.
Ottawa pizzeria places among top 20 deep-dish pizzas in the world at international competition
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
Vancouver Island
-
Wind could push rapidly growing wildfire into Fort Nelson, B.C.: BCWS
A fast-growing wildfire near Fort Nelson, B.C., that has forced thousands to flee their homes could spread into the town itself, the B.C. Wildfire Service warned.
-
Canucks beat Oilers 4-3 to take back series lead
The Vancouver Canucks beat the Edmonton Oilers 4-3 Sunday night and now lead the second round series 2-1.
-
'It happened so fast': Evacuees describe fleeing Fort Nelson wildfire
Thousands have been forced to flee a wildfire burning near Fort Nelson. Meanwhile, some experienced volunteers are staying behind to fight the fire.
Kelowna
-
'Altercation' in Penticton leaves 1 dead: RCMP
One person is dead after a fight in Penticton early Sunday morning, according to authorities.
-
Suspect fled in 2-door Fiat after convenience store robbery, Merritt RCMP say
A suspect is at large after robbing a convenience store at gunpoint in Merritt, B.C., Friday, according to local police.
-
Kamloops RCMP issue public warning about 2 men allegedly at centre of 'organized crime conflict'
After four targeted shootings in four days, Mounties in Kamloops are taking the unusual step of warning the public about two men they believe are likely to be targeted in future violent incidents.
Edmonton
-
Edmonton to see smoky skies, poor air quality into Monday night
Edmontonians saw some slight improvement in the smoky skies Sunday, but should expect the haze to hang around at least one more day.
-
Canucks hold off Oilers for 4-3 win in Game 3
Brock Boeser had two goals and an assist, and the Vancouver Canucks hung on for a 4-3 win over the Edmonton Oilers in Game 3 of their second-round Stanley Cup playoff series.
-
U of A defends decision to involve police in teardown of campus protest encampment
Multiple people at the protest camp torn down at the University of Alberta campus Saturday say police's actions against protesters were "violent" and "disproportionate."
Calgary
-
Sunday morning collision between vehicle and cyclist sends 1 to hospital
A vehicle collided with a cyclist Sunday morning in southeast Calgary.
-
Calgary Stampeders' training camp opens with an abundance of quarterbacks
Quarterback meetings were crowded to start Calgary Stampeders' training camp.
-
No refund for travellers who cancelled flight already scrapped by airline: regulator
Four years on, the controversy over whether airlines owed refunds to passengers after cancelling hundreds of thousands of flights during the pandemic continues to simmer, aggravated by a sluggish, opaque complaints process.
Lethbridge
-
Medicine Hat, Alta., police arrest local man in child luring case
Thousands of messages were sent between a teenage girl in the U.S. and an Alberta man posing as a young boy, a police investigation has revealed.
-
Southern Alberta farmers optimistic after recent rainfall
After a dry winter, southern Alberta farmers were expecting it to be another tough growing season.
-
Rural crime in decline: southern Alberta RCMP
Rural crime is on the decline, the RCMP said in a media statement released by the Southern Alberta District (SAD) late Wednesday afternoon.
Winnipeg
-
Manitoba battling two wildfires around Flin Flon and The Pas, evacuation orders in effect
The province says several government agencies are currently responding to two wildfires around Flin Flon and The Pas.
-
Trial of Winnipeg serial killer expected to hear more testimony from police
The Winnipeg trial of admitted serial killer Jeremy Skibicki is expected to hear testimony today from a police officer who examined video surveillance.
-
Homicide investigation closes stretch of Portage Avenue
Winnipeg police closed a stretch of Portage Avenue on Sunday morning because of a homicide investigation.
Regina
-
Death investigation underway after injured man dies in hospital
Regina police have launched an investigation into the death of a man officers found gravely injured in the northwest of the city on Sunday.
-
'Genuine optimism': Riders open 2024 training camp with Harris at the helm
Sunday marked day one of training camp for the Saskatchewan Roughriders in Saskatoon. The team was ecstatic to be back on the field for another year with quarterback Trevor Harris being no exception.
-
Sask. social services mobile outreach team doubles in size, expands access to community locations
Saskatchewan's Ministry of Social Services says its mobile outreach team is doubling in size. A total of 20 social workers will now provide services in the community rather than from a government office.
Saskatoon
-
Saskatoon police say violent crime is up 10 per cent since last year
Violent crime in Saskatoon was up by nearly 10 per cent in the first quarter of 2024, according to new data from the Saskatoon Police Service.
-
'It would change my life': Saskatchewan singer vying for $1 million on Canada's Got Talent final
Prince Albert singer Rebecca Strong is on the cusp of achieving a dream on Canada’s Got Talent as she stands among the final eight contestants.
-
No one injured in residential blaze, Saskatoon fire department says
The Saskatoon Fire Department says no one was injured in a fire in the Queen Elizabeth neighbourhood on Saturday evening.
Toronto
-
Ontario's need for nurses, PSWs to top 33K and 50K by 2032: document
Ontario will need 33,200 more nurses and 50,853 more personal support workers by 2032, the government projects — figures it tried to keep secret but were obtained by The Canadian Press.
-
Police identify woman shot and killed in Oakwood Village; suspect arrested
A 27-year-old man has been charged with murder in connection with the fatal shooting of a woman at a residence in the city’s Oakwood Village neighbourhood over the weekend, Toronto police say.
-
2 people critically injured in North York shooting: paramedics
Two people suffered life-threatening injuries after a shooting in North York early Monday morning, Toronto police say.
Montreal
-
McGill to ask for injunction to dismantle pro-Palestinian encampment
Lawyers for McGill University are slated to be in court to seek an injunction to dismantle the pro-Palestinian encampment that has been on its grounds since last month.
-
Amazon's Laval warehouse workers now unionized
The 200 workers at Amazon's Laval warehouse have succeeded where many other employees of the American multinational have failed: they are now unionized.
-
Man sent for 'psychological care' after gunfire in Longueuil
A string of shootings in Greenfield Park on Montreal's South Shore had Longueuil police investigating overnight.
Ottawa
-
Ottawa church advocating for universal basic income as federal bills consider the issue
Ottawa's Rideau Park United Church has been raising awareness for universal basic income, a policy that would give a fixed amount to everybody, every month, regardless of their income.
-
uOttawa staff to meet with pro-Palestinian encampment organizers this week
Organizers for a pro-Palestinian encampment at the University of Ottawa say the school's administrators, including the chief investment officer, have agreed to meet with them as the demonstration enters its second week.
-
Criminal trial of Freedom Convoy organizer Pat King begins today
The criminal trial of Pat King, one of the most prominent figures associated with the 2022 Freedom Convoy protest in Ottawa, is expected to begin Monday.
Atlantic
-
Fire at warehouse in Bathurst, N.B. triggers evacuations, air quality advisory
A massive weekend fire at a building supply warehouse in northern New Brunswick briefly forced more than 100 residents from their homes and triggered an air quality advisory as a black plume of smoke filled the air.
-
No refund for travellers who cancelled flight already scrapped by airline: regulator
Four years on, the controversy over whether airlines owed refunds to passengers after cancelling hundreds of thousands of flights during the pandemic continues to simmer, aggravated by a sluggish, opaque complaints process.
-
One dead after two-vehicle crash in Wolfville Ridge, N.S.
Kings District RCMP is investigating after a collision in Wolfville Ridge, N.S., left one man dead on Saturday.
London
-
Showers and heat in London area on Monday
With rain showers expected most of the day, the temperature will hit a high around 25 C. The normal for this time of year being around 20 C.
-
Fire crews tackle east end blaze early Sunday morning
No injuries were reported after a garage fire spread into a vehicle early Sunday morning in the city’s east end.
-
Jewelery owner assaulted during robbery, suspect in custody
A 46-year-old individual is in custody and is facing multiple charges after allegedly robbing a Kincardine jewelery store early Saturday morning and assaulting the business owner.
Kitchener
-
Gunshots ring out in Kitchener neighbourhood
Waterloo regional police say no one was hurt during a daylight shooting in Kitchener.
-
'He's in our hearts': Family and friends still seek answers one year after Nathan Wise's disappearance
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
-
Ontario's need for nurses, PSWs to top 33K and 50K by 2032: document
Ontario will need 33,200 more nurses and 50,853 more personal support workers by 2032, the government projects — figures it tried to keep secret but were obtained by The Canadian Press.
Northern Ontario
-
37-year-old man dies following Sault police shooting
Ontario’s police watchdog is investigating after a Sault Ste. Marie Police Service officer shot a 37-year-old man in the city’s west end on Saturday night.
-
'Oh my God, you're my brother': Man in his 70s discovers 6 unknown siblings
After receiving a DNA kit one Christmas from his son-in-law, Hugh McCormick soon discovered that he had six unknown siblings, with whom he shared the same birth parents.
-
'My family doctor just fired me': Ontario patients frustrated with de-rostering
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
N.L.
-
'Irate male' assaulted Newfoundland officers with block of cheese, police say
Police in Newfoundland say patrol officers were assaulted Thursday by a "very irate male" wielding a block of cheese.
-
Whooping cough outbreak declared in Newfoundland
Health officials say there is an outbreak of whooping cough in eastern Newfoundland.
-
Trucker's body found in trailer in Newfoundland after failed police search in Ontario
Ontario Provincial Police are facing tough questions about their search for a missing Newfoundland trucker whose rig was found two weeks ago in Ontario, then sent back to Newfoundland, where his body was found Monday in the trailer.
